- 毛利率代表著產品的競爭優勢, 要和同一個產業做比較. 如果毛利率很低的話, 就要看公司的營收規模是否夠大
- 毛利率從谷底回升, 或許就是開始反轉的訊號
- 營益率代表著公司的經營效率
- 在不大幅舉債的前提下, ROE可以看出公司的經營品質
- 穩定或持續提升的毛利率和營益率十分重要, 要當心持續下滑的毛利率和營益率
- 本業收入比高的公司, 才容易預估財測, 值得花心力去研究
- 無形資產佔總資產比高的公司, 可能代表這家公司是透過併購來成長. 但如果佔比高的不合理, 則要當心
- 併購後有沒有發揮1+1>2, 營益率是一個很好的觀察指標
- 要檢視ROE上升或下滑的原因, 根據杜邦分析不外乎是利潤率, 營收, 財務槓桿的增減
- 租賃業要觀察延滯率(在銀行稱為逾放比率)的變化. 如果越來越多客戶拖延還錢(延滯率上升), 就代表接下來放款的錢也會變少(放款率下降)
| EPS QoQ YoY | 營業毛利率 QoQ YoY | 營業利益率 QoQ YoY | 稅前淨利率 QoQ YoY | 稅後淨利率 QoQ YoY | 股東權益報酬率 QoQ YoY | 資產報酬率 QoQ YoY | 總資產周轉率 QoQ YoY | EBITDA利潤率 QoQ YoY | 財務槓桿 QoQ YoY | 本業收入比 QoQ YoY | 業外獲益比 QoQ YoY | 用人費用率 QoQ YoY | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q3 (20) | 1.05 | -11.76 | -17.97 | 28.90 | -6.29 | -8.98 | 14.35 | -5.53 | -3.24 | 14.33 | -13.57 | -20.34 | 11.66 | -11.87 | -19.03 | 2.91 | -12.08 | -21.56 | 1.71 | -13.2 | -20.47 | 0.14 | 0.0 | 0.0 | 21.52 | -8.66 | -7.8 | 77.61 | -6.95 | -1.59 | 100.00 | 8.62 | 21.43 | 0.00 | -100.0 | -100.0 | 21.36 | -5.7 | -3.74 |
| 24Q2 (19) | 1.19 | 65.28 | -9.16 | 30.84 | 25.62 | 0.98 | 15.19 | 71.64 | 2.98 | 16.58 | 42.07 | 2.54 | 13.23 | 41.8 | -1.34 | 3.31 | 64.68 | -13.35 | 1.97 | 58.87 | -12.83 | 0.14 | 16.67 | -17.65 | 23.56 | 20.76 | 16.12 | 83.41 | 15.43 | 7.63 | 92.06 | 20.63 | 1.12 | 7.94 | -66.49 | -11.38 | 22.65 | -5.19 | 8.32 |
| 24Q1 (18) | 0.72 | 53.19 | -24.21 | 24.55 | -11.37 | -22.46 | 8.85 | -2.64 | -43.99 | 11.67 | 55.81 | -23.68 | 9.33 | 44.2 | -23.52 | 2.01 | 52.27 | -27.44 | 1.24 | 53.09 | -27.49 | 0.12 | 9.09 | -14.29 | 19.51 | 32.63 | -3.89 | 72.26 | -8.17 | 18.48 | 76.32 | -37.31 | -26.62 | 23.68 | 208.95 | 692.11 | 23.89 | -3.75 | 2.44 |
| 23Q4 (17) | 0.47 | -63.28 | -65.44 | 27.70 | -12.76 | -22.6 | 9.09 | -38.71 | -54.64 | 7.49 | -58.37 | -62.38 | 6.47 | -55.07 | -58.37 | 1.32 | -64.42 | -67.73 | 0.81 | -62.33 | -68.48 | 0.11 | -21.43 | -35.29 | 14.71 | -36.98 | -40.35 | 78.69 | -0.22 | 24.27 | 121.74 | 47.83 | 21.74 | -21.74 | -223.19 | 0 | 24.82 | 11.85 | 1.72 |
| 23Q3 (16) | 1.28 | -2.29 | -22.42 | 31.75 | 3.96 | -7.6 | 14.83 | 0.54 | -22.07 | 17.99 | 11.26 | -23.19 | 14.40 | 7.38 | -23.2 | 3.71 | -2.88 | -28.79 | 2.15 | -4.87 | -37.13 | 0.14 | -17.65 | -22.22 | 23.34 | 15.03 | -17.32 | 78.86 | 1.75 | 43.88 | 82.35 | -9.55 | 0.91 | 17.65 | 97.06 | -4.04 | 22.19 | 6.12 | -2.03 |
| 23Q2 (15) | 1.31 | 37.89 | 37.89 | 30.54 | -3.54 | 4.62 | 14.75 | -6.65 | 24.58 | 16.17 | 5.76 | 6.52 | 13.41 | 9.92 | 3.47 | 3.82 | 37.91 | 24.84 | 2.26 | 32.16 | 4.63 | 0.17 | 21.43 | 0.0 | 20.29 | -0.05 | -2.92 | 77.50 | 27.07 | 56.34 | 91.04 | -12.46 | 15.65 | 8.96 | 323.88 | -57.91 | 20.91 | -10.33 | -10.22 |
| 23Q1 (14) | 0.95 | -30.15 | 75.93 | 31.66 | -11.54 | 26.54 | 15.80 | -21.16 | 79.14 | 15.29 | -23.2 | 39.76 | 12.20 | -21.49 | 39.59 | 2.77 | -32.27 | 58.29 | 1.71 | -33.46 | 33.59 | 0.14 | -17.65 | -6.67 | 20.30 | -17.68 | 16.07 | 60.99 | -3.68 | 76.73 | 104.00 | 4.0 | 31.13 | -4.00 | 0 | -119.33 | 23.32 | -4.43 | -9.65 |
| 22Q4 (13) | 1.36 | -17.58 | 43.16 | 35.79 | 4.16 | 21.57 | 20.04 | 5.31 | 77.19 | 19.91 | -14.99 | 36.18 | 15.54 | -17.12 | 32.93 | 4.09 | -21.5 | 48.73 | 2.57 | -24.85 | 35.26 | 0.17 | -5.56 | 6.25 | 24.66 | -12.65 | 16.76 | 63.32 | 15.53 | 64.25 | 100.00 | 22.54 | 29.41 | 0.00 | -100.0 | -100.0 | 24.40 | 7.73 | 0.25 |
| 22Q3 (12) | 1.65 | 73.68 | 98.8 | 34.36 | 17.71 | 18.77 | 19.03 | 60.73 | 50.67 | 23.42 | 54.28 | 80.71 | 18.75 | 44.68 | 80.98 | 5.21 | 70.26 | 89.45 | 3.42 | 58.33 | 97.69 | 0.18 | 5.88 | 5.88 | 28.23 | 35.07 | 51.77 | 54.81 | 10.57 | 6.61 | 81.61 | 3.67 | -16.12 | 18.39 | -13.56 | 580.46 | 22.65 | -2.75 | -13.48 |
| 22Q2 (11) | 0.95 | 75.93 | 30.14 | 29.19 | 16.67 | 3.55 | 11.84 | 34.24 | -4.98 | 15.18 | 38.76 | 31.31 | 12.96 | 48.28 | 28.06 | 3.06 | 74.86 | 2.0 | 2.16 | 68.75 | 22.03 | 0.17 | 13.33 | -5.56 | 20.90 | 19.5 | 19.84 | 49.57 | 43.64 | -27.93 | 78.72 | -0.74 | -26.2 | 21.28 | 2.84 | 419.15 | 23.29 | -9.76 | -11.88 |
| 22Q1 (10) | 0.54 | -43.16 | -11.48 | 25.02 | -15.01 | -10.29 | 8.82 | -22.02 | -26.93 | 10.94 | -25.17 | -2.23 | 8.74 | -25.24 | -2.35 | 1.75 | -36.36 | -31.37 | 1.28 | -32.63 | -17.42 | 0.15 | -6.25 | -11.76 | 17.49 | -17.19 | 0.34 | 34.51 | -10.48 | -50.66 | 79.31 | 2.64 | -26.16 | 20.69 | -8.97 | 379.31 | 25.81 | 6.04 | -6.18 |
| 21Q4 (9) | 0.95 | 14.46 | 61.02 | 29.44 | 1.76 | 5.14 | 11.31 | -10.45 | -3.99 | 14.62 | 12.81 | 40.04 | 11.69 | 12.84 | 34.06 | 2.75 | 0.0 | 7.0 | 1.90 | 9.83 | 15.15 | 0.16 | -5.88 | -15.79 | 21.12 | 13.55 | 28.31 | 38.55 | -25.01 | -33.65 | 77.27 | -20.58 | -33.39 | 22.73 | 740.91 | 289.39 | 24.34 | -7.03 | -7.1 |
| 21Q3 (8) | 0.83 | 13.7 | 36.07 | 28.93 | 2.63 | 8.72 | 12.63 | 1.36 | 7.67 | 12.96 | 12.11 | 15.92 | 10.36 | 2.37 | 15.37 | 2.75 | -8.33 | 1.1 | 1.73 | -2.26 | 1.76 | 0.17 | -5.56 | -10.53 | 18.60 | 6.65 | 8.08 | 51.41 | -25.25 | -3.89 | 97.30 | -8.78 | -9.41 | 2.70 | 140.54 | 172.97 | 26.18 | -0.95 | 0.93 |
| 21Q2 (7) | 0.73 | 19.67 | 0.0 | 28.19 | 1.08 | -3.16 | 12.46 | 3.23 | -7.5 | 11.56 | 3.31 | -11.21 | 10.12 | 13.07 | -3.44 | 3.00 | 17.65 | -7.12 | 1.77 | 14.19 | -10.61 | 0.18 | 5.88 | -5.26 | 17.44 | 0.06 | -8.36 | 68.78 | -1.67 | 2.99 | 106.67 | -0.69 | 3.43 | -6.67 | 10.0 | -113.33 | 26.43 | -3.93 | 0 |
| 21Q1 (6) | 0.61 | 3.39 | -19.74 | 27.89 | -0.39 | 2.12 | 12.07 | 2.46 | 11.14 | 11.19 | 7.18 | -13.79 | 8.95 | 2.64 | -13.86 | 2.55 | -0.78 | -25.0 | 1.55 | -6.06 | -26.54 | 0.17 | -10.53 | -15.0 | 17.43 | 5.89 | -5.58 | 69.95 | 20.4 | 14.9 | 107.41 | -7.41 | 30.42 | -7.41 | 38.27 | -141.98 | 27.51 | 5.0 | 2.96 |
| 20Q4 (5) | 0.59 | -3.28 | 9.26 | 28.00 | 5.22 | 6.91 | 11.78 | 0.43 | 18.99 | 10.44 | -6.62 | 25.03 | 8.72 | -2.9 | 25.11 | 2.57 | -5.51 | 2.8 | 1.65 | -2.94 | 6.45 | 0.19 | 0.0 | -13.64 | 16.46 | -4.36 | 22.74 | 58.10 | 8.62 | -6.62 | 116.00 | 8.0 | -1.19 | -12.00 | -224.0 | 31.0 | 26.20 | 1.0 | 8.71 |
| 20Q3 (4) | 0.61 | -16.44 | 0.0 | 26.61 | -8.59 | 0.0 | 11.73 | -12.92 | 0.0 | 11.18 | -14.13 | 0.0 | 8.98 | -14.31 | 0.0 | 2.72 | -15.79 | 0.0 | 1.70 | -14.14 | 0.0 | 0.19 | 0.0 | 0.0 | 17.21 | -9.56 | 0.0 | 53.49 | -19.9 | 0.0 | 107.41 | 4.15 | 0.0 | -3.70 | -18.52 | 0.0 | 25.94 | 0 | 0.0 |
| 20Q2 (3) | 0.73 | -3.95 | 0.0 | 29.11 | 6.59 | 0.0 | 13.47 | 24.03 | 0.0 | 13.02 | 0.31 | 0.0 | 10.48 | 0.87 | 0.0 | 3.23 | -5.0 | 0.0 | 1.98 | -6.16 | 0.0 | 0.19 | -5.0 | 0.0 | 19.03 | 3.09 | 0.0 | 66.78 | 9.69 | 0.0 | 103.12 | 25.22 | 0.0 | -3.12 | -117.71 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.76 | 40.74 | 0.0 | 27.31 | 4.28 | 0.0 | 10.86 | 9.7 | 0.0 | 12.98 | 55.45 | 0.0 | 10.39 | 49.07 | 0.0 | 3.40 | 36.0 | 0.0 | 2.11 | 36.13 | 0.0 | 0.20 | -9.09 | 0.0 | 18.46 | 37.66 | 0.0 | 60.88 | -2.15 | 0.0 | 82.35 | -29.85 | 0.0 | 17.65 | 201.47 | 0.0 | 26.72 | 10.87 | 0.0 |
| 19Q4 (1) | 0.54 | 0.0 | 0.0 | 26.19 | 0.0 | 0.0 | 9.90 | 0.0 | 0.0 | 8.35 | 0.0 | 0.0 | 6.97 | 0.0 | 0.0 | 2.50 | 0.0 | 0.0 | 1.55 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 13.41 | 0.0 | 0.0 | 62.22 | 0.0 | 0.0 | 117.39 | 0.0 | 0.0 | -17.39 | 0.0 | 0.0 | 24.10 | 0.0 | 0.0 |
| EPS YoY | 營業毛利率 YoY | 營業利益率 YoY | 折舊負擔比率 YoY | 稅前淨利率 YoY | 稅後淨利率 YoY | 股東權益報酬率 YoY | 資產報酬率 YoY | 總資產周轉率 YoY | EBITDA利潤率 YoY | 財務槓桿 YoY | 本業收入比 YoY | 業外獲益比 YoY | 無形資產佔總資產比 YoY | 用人費用率 YoY | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 (10) | 4.02 | -10.67 | 30.51 | -3.66 | 13.80 | -11.37 | 4.91 | 2.46 | 14.59 | -18.9 | 11.91 | -17.75 | 11.54 | -17.04 | 6.89 | -25.03 | 0.57 | -9.52 | 19.99 | -14.1 | 78.69 | 24.27 | 94.71 | 9.5 | 5.29 | -60.83 | 0.22 | 73.53 | 22.64 | -5.35 |
| 2022 (9) | 4.50 | 49.01 | 31.67 | 10.46 | 15.57 | 28.78 | 4.79 | -13.13 | 17.99 | 41.65 | 14.48 | 39.77 | 13.91 | 32.1 | 9.19 | 27.46 | 0.63 | -10.0 | 23.27 | 24.11 | 63.32 | 64.25 | 86.50 | -9.57 | 13.50 | 166.18 | 0.13 | -74.25 | 23.92 | -8.07 |
| 2021 (8) | 3.02 | 12.27 | 28.67 | 3.32 | 12.09 | 1.17 | 5.51 | -2.21 | 12.70 | 6.45 | 10.36 | 7.25 | 10.53 | -11.29 | 7.21 | -2.96 | 0.70 | -9.09 | 18.75 | 5.81 | 38.55 | -33.65 | 95.65 | -5.15 | 5.07 | 0 | 0.50 | 119.36 | 26.02 | -1.92 |
| 2020 (7) | 2.69 | 22.83 | 27.75 | 5.63 | 11.95 | 28.22 | 5.64 | -1.7 | 11.93 | 23.63 | 9.66 | 25.13 | 11.87 | 14.35 | 7.43 | 16.28 | 0.77 | -7.23 | 17.72 | 14.1 | 58.10 | -6.62 | 100.85 | 5.14 | 0.00 | 0 | 0.23 | -4.31 | 26.53 | 2.99 |
| 2019 (6) | 2.19 | 82.5 | 26.27 | 9.0 | 9.32 | 98.3 | 5.74 | 6.56 | 9.65 | 56.66 | 7.72 | 57.23 | 10.38 | 73.0 | 6.39 | 68.6 | 0.83 | 7.79 | 15.53 | 31.61 | 62.22 | -2.54 | 95.92 | 26.33 | 3.06 | -87.28 | 0.24 | -43.75 | 25.76 | -6.5 |
| 2018 (5) | 1.20 | -9.77 | 24.10 | -7.38 | 4.70 | -33.05 | 5.38 | 1.95 | 6.16 | -7.37 | 4.91 | -7.53 | 6.00 | -10.04 | 3.79 | -20.04 | 0.77 | -12.5 | 11.80 | -3.67 | 63.84 | 18.31 | 75.93 | -27.75 | 24.07 | 0 | 0.42 | 0 | 27.55 | 3.61 |
| 2017 (4) | 1.33 | -47.43 | 26.02 | -9.15 | 7.02 | -38.1 | 5.28 | 2.28 | 6.65 | -42.17 | 5.31 | -43.99 | 6.67 | -48.57 | 4.74 | -52.07 | 0.88 | -15.38 | 12.25 | -27.34 | 53.96 | 72.84 | 105.08 | 6.06 | -5.08 | 0 | 0.00 | 0 | 26.59 | 2.98 |
| 2016 (3) | 2.53 | 0.8 | 28.64 | 18.49 | 11.34 | 23.66 | 5.16 | 11.18 | 11.50 | 10.79 | 9.48 | 13.13 | 12.97 | -6.22 | 9.89 | -2.37 | 1.04 | -13.33 | 16.86 | 10.41 | 31.22 | -1.73 | 99.08 | 12.44 | 0.92 | -92.28 | 0.00 | 0 | 25.82 | 11.1 |
| 2015 (2) | 2.51 | 54.94 | 24.17 | 0.54 | 9.17 | 38.94 | 4.64 | -13.79 | 10.38 | 17.69 | 8.38 | 19.03 | 13.83 | 29.13 | 10.13 | 33.29 | 1.20 | 13.21 | 15.27 | 4.3 | 31.77 | -29.02 | 88.12 | 17.49 | 11.88 | -52.48 | 0.00 | 0 | 23.24 | -17.12 |
| 2014 (1) | 1.62 | 237.5 | 24.04 | 0 | 6.60 | 0 | 5.39 | -1.87 | 8.82 | 0 | 7.04 | 0 | 10.71 | 0 | 7.60 | 0 | 1.06 | -1.85 | 14.64 | 70.03 | 44.76 | 9.84 | 75.00 | 22.73 | 25.00 | -35.71 | 0.00 | 0 | 28.04 | -1.06 |
